Michael Saylor: Establishing a Strategic Bitcoin Reserve for the US is on Par with the Louisiana Purchase
CryptoNewsTerminal Staff06 Aug, 2024
Michael Saylor: Establishing a Strategic Bitcoin Reserve for the US is on Par with the Louisiana Purchase
President Thomas Jefferson's Louisiana Purchase in 1803 doubled the territory of the United States. Michael Saylor, the executive chairman and founder of MicroStrategy, recently stated that the establishment of a strategic Bitcoin reserve by the US would be "literally as good an idea for America then as it is today." Saylor believes that "over the next decade or so, every nation will be forced to adopt Bitcoin." He pointed out that the issue has changed to nation-state adoption. It will only make sense for organizations, businesses, and individuals to adopt as nations adopt. On Wednesday, Wyoming Senator Cynthia Lummis, a supporter of cryptocurrencies, suggested a bill asking the Federal Reserve to include Bitcoin in its strategic reserves. Saylor praised Lummis for her "extraordinary leadership."
